There is a classic result in industrial economics (Sutton, 1991): in industries where the cost of keeping up scales with the market itself, market concentration has a floor, and growth ends up entrenching the leader. Launch could become a textbook case. Reuse and cadence are an escalating bar, and Starship is many years, potentially a decade at scale, ahead…
Putting out a launch market model this week 🧐
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